A Trump family–backed Bitcoin mining company, ABTC (American Bitcoin), has quietly accumulated over 215 BTC—worth more than $23 million—since launching in April, according to recent filings with the U.S. Securities and Exchange Commission. Led by Eric Trump and Donald Trump Jr., the venture kept its reserve-building strategy under wraps until now, revealing that Bitcoin ownership isn’t just a byproduct of operations—it’s the company’s core mission.
In its June 6 SEC filing, ABTC described its BTC reserve as a “core strategic asset,” essential to strengthening its balance sheet and maximizing shareholder value. Rather than setting a hard cap on future BTC holdings, the company said it would pursue an adaptive accumulation approach—buying more Bitcoin when market conditions and capital availability align.
In a statement, the company emphasized that its business model is shifting from simple Bitcoin production to long-term accumulation. This “layer-2” strategy, as they describe it, aims to transform mined BTC into a permanent treasury asset—positioning ABTC as both a political and financial counterweight to centralized monetary trends.
Scalable Mining Without Real Estate Overhead
Instead of investing heavily in physical infrastructure, ABTC operates with an asset-light model. The firm owns over 60,000 high-performance miners but outsources operations to third-party facilities. According to the SEC filing, these machines—sourced from Bitmain and MicroBT—are hosted across three Hut 8–managed sites in New York, Alberta, and Texas.
This lean model enables ABTC to achieve a total hashrate of 10.17 exahashes per second with an average efficiency of 21.2 joules per terahash—competitive figures that place it among the top miners globally. By avoiding real estate costs, the company maintains financial agility while scaling rapidly.
ABTC contributes its hashrate to pools such as Foundry and Luxor, earning block rewards based on its share of computing power. It also keeps pool fees below 1% to protect profit margins. Security-wise, the firm stores its BTC reserves in cold wallets via Coinbase Custody, using multifactor authentication and whitelisted withdrawals for protection.
Public Listing Planned via Merger With Gryphon
ABTC is preparing to go public through a planned merger with Gryphon Digital Mining, announced May 12. The deal will be a stock-for-stock transaction, with the combined entity operating under the “American Bitcoin” name.
Eric Trump is expected to join the board of the newly merged company, deepening the Trump family’s ties to the crypto sector. The majority ownership of ABTC remains with Hut 8, which will continue overseeing operations after the merger.
According to the deal structure, ABTC’s existing shareholders will hold about 98% of the new company. Hut 8’s continued operational role and the planned public listing are expected to deliver revenue stability while enhancing brand visibility and institutional access.
Quick Facts
- ABTC holds over 215 BTC worth $23M+
- Mining firm led by Eric and Donald Trump Jr.
- Operations outsourced; machines hosted by Hut 8
- Cold storage managed by Coinbase Custody
- Merger with Gryphon Digital set for public listing
